Okoora launches new App Marketplace for ABCM users
Okoora announced the launch last week of its new App Marketplace for the ABCMTM platform. The marketplace will provide a place where businesses can buy additional services to complement the core functionality of their subscription plans. As of now, there are nine different apps in the marketplace. They are:
- Free Outgoing Payments – Save on fees and send free, regular payments
- FX Expert Package – A team of experts will walk you through the complexity of FX management
- Commodities Expert Package – A team of experts will walk you through the complexity of commodities risk management
- Interest Rates Expert Package – A team of experts will walk you through the complexity of interest rate risk management
- FX Hedging Policy – Build a custom FX hedging policy that serves your strategic objectives and business needs
- Commodities Hedging Policy – Build a custom commodity hedging policy that serves your strategic objectives and business needs
- Interest Rate Hedging Policy – Build a custom interest rate hedging policy that serves your strategic objectives and business needs
- Liquidity Sources – Improve your FX rates with multiple connections to the best liquidity channels for trading foreign currencies
- FX Transactions Valuation – Produce market valuation reports for your FX transactions
Democratizing access to currency management tools
Every customer, whether they are on a free or paid plan can choose any app they are interested in to receive additional services. This increases the access all our customers have to professional services in the convenient format of monthly or annual billing – something that did not exist until now. This is just another example of how okoora is empowering businesses of all sizes to better manage their currency operations with advanced solutions.
Okoora’s latest product release is a small step in a much broader trend towards the democratization of financial services as open banking and regulatory changes have weakened the hold major banks have on the provision of what were traditionally viewed as banking services. Other fintech companies have taken the initiative in offering other financial services to both consumers and businesses with a better customer experience and commercial terms than the big banks. Meanwhile, okoora is focused on improving the experience small and medium size businesses have in managing their currency operations and giving them greater control by using its ABCM platform. The company also offers a suite of Banking as a Service (BaaS) APIs that serve business clients of all sizes that want to provide financial services to their end-users.
For more information regarding the ABCM platform and its App Marketplace, please reach out to us here.